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Updated over 1 year ago on . Most recent reply

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Robert Seay
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Question about 2 Condos Under Contract in Clearwater, FL

Robert Seay
Posted

I have 2 condos under contract in Clearwater, FL. Close to beaches and a hospital. The area is a decent area to live in. The condos in this building are well taken care of. Here's my problem. I know most investors like to go for the 70-cent deal. I got this for a 90-cent deal. There are no repairs needed except for lipstick. Beautiful hardwood floors, so really just paint is needed. Both are 2br 2bath. The one next door sold last month for $185,000 to a couple, but had no updates and looks outdated compared to the 2 I have under contract. I think they are perfect as a buy-and-hold. You can easily get $1800 a month for it. My question is, should I market them as a buy-and-hold for $185,000 or try to go for $195,000?

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